GM public offering the largest Scale of IPO in U.S. history

6 months ago just out of bankruptcy protection today, General Motors plans to hold its first public offering, while the New York Stock Exchange and the log of Toronto, Canada Stock Exchange, to return to the open market. The following is a news agency reporter in New York, Wei Xi, sent reports:

General Motors in June 2009 filed for bankruptcy protection, the stock was delisted delisting, and now ready to re-listed by the hot pursuit of General Motors. Wall Street sources, the common stock investors who have received at least 7 times more than the subscription circulation. Held as common as 61% and 17% equity stake in the Treasury and General UAW retirement health insurance funds, today agreed to spend more to market the sale of shares held, so GM has just announced that it will increase the proportion of ordinary shares in issue about 31% will increase to about 4.1 billion convertible preferred shares, common shares while the price range from $ 29 per share rose to the highest 33 U.S. dollars per share. As a result, the general public to raise capital may be as high as 22.7 billion U.S. dollars, became the largest in U.S. history IPO. This will make the car giant General Motors to return to the ranks, while the U.S. Treasury shares held by GM will also benefit from 61% to 33% or even lower.